https://www.taxtmi.com/caselaws?id=283607 The Tribunal approved the resolution plan submitted by RMS Employees Welfare Trust, with 96.73% voting share in favor, following compliance with the Insolvency and Bankruptcy Code. The plan included the release of personal guarantees, settlement of dues, and effective implementation measures. The promoter director's challenge to the ordinance disqualifying them was withdrawn, leading to the approval of the Trust's plan. The moratorium ceased, and the RP was directed to transfer records to the Board, concluding the case. en-us Fri, 14 Sep 2018 00:00:00 +0530 Wed, 02 Oct 2019 13:00:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283607 The Tribunal approved the resolution plan submitted by RMS Employees Welfare Trust, with 96.73% voting share in favor, following compliance with the Insolvency and Bankruptcy Code. The plan included the release of personal guarantees, settlement of dues, and effective implementation measures. The promoter director's challenge to the ordinance disqualifying them was withdrawn, leading to the approval of the Trust's plan. The moratorium ceased, and the RP was directed to transfer records to the Board, concluding the case. Case-Laws Insolvency and Bankruptcy Fri, 14 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283607